Quote:
Originally Posted by competentone
I wonder if he is planning on trying to stay "off the grid" for the rest of his life?
There may be more bailouts to forgive the loans made to "losers" like him, or inflation may help to eliminate what he owes (if he has a fixed interest rate), but that loan will never "go away."
If he tries to get back "on the grid" 20 years from now, the loan will be there waiting for him.
Personally, I hope he has a variable interest rate!
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I don't disagree. It's people like him that cause the programs to have to make up the money with either taxpayer money or higher interest rates.
I have another former friend who was caught in his dorm room with an ounce of pot when he was in community college in Tyler, Texas in 1997. He got out on bond and skipped town. He was convicted of possesion in absentia. He is married with a family now, and he is the type of guy that would assume that Texas has forgotten about his conviction because is was "so long ago". I know that one of these days he will be in Texas with his family on vacation and get pulled over for speeding...